Nepal faces $5bn flood recovery

Nepal faces a reconstruction bill of approximately $4-5 billion due to the catastrophic floods, which have resulted in over 600 deaths and the destruction of infrastructure, including bridges, roads, and hydroelectric power stations. While this reconstruction cost is less than the $9 billion damage caused by the 2015 earthquake, the damage to vital areas poses a significant challenge to the country's economy, which relies heavily on remittances and tourism. Flooding caused by a glacial collapse is considered one of the most destructive events and will significantly impact Nepal’s development efforts.

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